NEM
NEM Daily analysis

Tuesday 6 October 2026

Trading day 2026-10-06

Market Snapshot

South Australia records 20.7 hours of negative prices

New South Wales averaged $106.7/MWh and Queensland averaged $101.4/MWh, with neither region recording any negative intervals.

Victoria averaged $42.7/MWh with 18.7 hours of negative prices, while South Australia averaged $48.7/MWh with 20.7 negative hours.

New South Wales recorded the highest demand peak of 8497 MW at 18:55. Coal accounted for 44.2 per cent of generation, followed by wind at 18.2 per cent and rooftop solar at 17.5 per cent.

AEMO issued a reserve notice for MT PASA at 13:48. FCAS costs remained low across all markets, with regulation raise incurring the highest cost at $46,018.

Total NEM emissions were 253,680 tonnes of carbon dioxide, which is 1.6 per cent below the same weekday last week.

Today · Pre-dispatch forecasts show Queensland reaching a peak price of $319.04/MWh at 19:30. South Australia is forecast to reach $145.0/MWh at 18:30.

In context · The NEM average price of $71.0/MWh ranked fourth out of the last seven days, below the seven day average of $79.9/MWh. This compares with a NEM average of $25.8/MWh on the same weekday last week.

NSW $107VIC $43QLD $101SA $49TAS $51
Numbers-only recap · gemini-3.1-pro-preview

Prices

Trading day · 04:00 → 04:00 AEST · 30-min average

NSW VIC QLD SA TAS
$0 $78 $155 $233 $310 -$30 $10 $50 $90 $130 $0 $70 $140 $210 $280 -$40 $8 $55 $103 $150 -$20 $20 $60 $100 $140 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $107 $112 $0 $300 0 0
QLD $101 $103 $0 $270 0 0
SA $49 $67 -$42 $156 248 0
VIC $43 $45 -$32 $113 224 0
TAS $51 $54 -$17 $160 198 0

Min · Max are 5-minute dispatch extremes; the price chart plots 30-minute averages, so its peak reads lower.

Demand

NSW
Peak
8,497MW
19:55
Trough
4,406MW
13:20
Energy
316.1GWh
QLD
Peak
7,801MW
19:30
Trough
4,695MW
13:40
Energy
296.7GWh
SA
Peak
1,535MW
21:15
Trough
121MW
14:35
Energy
51.3GWh
VIC
Peak
6,649MW
20:00
Trough
4,224MW
15:40
Energy
258.2GWh
TAS
Peak
1,203MW
19:50
Trough
813MW
13:20
Energy
48.0GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$6,4260$357 Oct, 02:55
LOWERREG$2,9990$146 Oct, 16:10
RAISE60SEC$1700$06 Oct, 05:40
RAISE6SEC$1680$06 Oct, 07:05
LOWER60SEC$1440$06 Oct, 14:00
LOWER5MIN$810$06 Oct, 15:10
LOWER6SEC$580$06 Oct, 15:15
RAISE5MIN$450$06 Oct, 11:05
Total$10,092

Cost = NSW RRP × cleared MW per 5-min interval.

ServiceCostSpikesPeakWhen
RAISEREG$12,4290$357 Oct, 02:55
LOWERREG$7,1090$146 Oct, 16:10
RAISE60SEC$2220$06 Oct, 05:40
LOWER60SEC$2130$06 Oct, 14:00
RAISE6SEC$2130$06 Oct, 07:05
LOWER5MIN$1360$06 Oct, 15:10
LOWER6SEC$350$06 Oct, 15:15
RAISE5MIN$300$06 Oct, 11:05
Total$20,388

Cost = QLD RRP × cleared MW per 5-min interval.

ServiceCostSpikesPeakWhen
RAISEREG$14,8080$357 Oct, 02:55
LOWERREG$6,4700$146 Oct, 16:10
RAISE60SEC$3380$06 Oct, 05:40
RAISE6SEC$2760$06 Oct, 07:05
LOWER60SEC$2210$06 Oct, 14:00
RAISE5MIN$870$06 Oct, 11:05
LOWER5MIN$510$06 Oct, 15:10
LOWER6SEC$380$06 Oct, 15:15
Total$22,289

Cost = VIC RRP × cleared MW per 5-min interval.

ServiceCostSpikesPeakWhen
LOWERREG$3,4420$146 Oct, 16:10
RAISEREG$2,3990$357 Oct, 02:55
LOWER60SEC$2650$06 Oct, 14:00
RAISE60SEC$2240$06 Oct, 05:40
RAISE6SEC$2220$06 Oct, 07:05
LOWER5MIN$970$06 Oct, 15:10
LOWER6SEC$870$06 Oct, 15:15
RAISE5MIN$460$06 Oct, 11:05
Total$6,782

Cost = SA RRP × cleared MW per 5-min interval.

ServiceCostSpikesPeakWhen
RAISE6SEC$23,7630$1157 Oct, 04:10
LOWERREG$19,2680$1096 Oct, 18:35
RAISEREG$9,9560$116 Oct, 08:45
LOWER6SEC$1,5020$126 Oct, 19:15
RAISE60SEC$8980$06 Oct, 05:05
LOWER60SEC$3650$16 Oct, 19:10
RAISE5MIN$260$06 Oct, 19:15
LOWER5MIN$200$26 Oct, 19:05
Total$55,799

Cost = TAS RRP × cleared MW per 5-min interval.

Battery dispatch

Peak moment

Fleet discharged 987 MW at 20:30 as NSW spot hit $113/MWh.

Peak moment

Fleet discharged 1,338 MW at 19:30 as QLD spot hit $111/MWh.

Peak moment

Fleet discharged 744 MW at 20:30 as VIC spot hit $105/MWh.

Peak moment

Fleet discharged 334 MW at 20:30 as SA spot hit $100/MWh.

Peak moment

Fleet discharged 3,257 MW at 20:00 as TAS spot hit $101/MWh.

Discharged
4,611MWh
peak 987 MW · 20:30
Charged
6,467MWh
peak 1,564 MW
Net
-1,856MWh
discharge − charge
Round-trip
71%
discharge / charge ratio
Discharged
4,659MWh
peak 1,338 MW · 19:30
Charged
6,463MWh
peak 1,489 MW
Net
-1,804MWh
discharge − charge
Round-trip
72%
discharge / charge ratio
Discharged
2,725MWh
peak 744 MW · 20:30
Charged
5,169MWh
peak 1,113 MW
Net
-2,444MWh
discharge − charge
Round-trip
53%
discharge / charge ratio
Discharged
1,068MWh
peak 334 MW · 20:30
Charged
2,231MWh
peak 427 MW
Net
-1,163MWh
discharge − charge
Round-trip
48%
discharge / charge ratio
NEM-wide
Discharged
13,063MWh
peak 3,257 MW · 20:00
Charged
20,330MWh
peak 3,898 MW
Net
-7,267MWh
discharge − charge
Round-trip
64%
discharge / charge ratio

Fleet net dispatch · spot-price overlay · 30-min average

Net MWdischarge ↑ · charge ↓NSWQLDVICSATAS$/MWh
-4.0 GW-2.0 GW0 MW2.0 GW4.0 GW-$100$0$100$200$30000:3007:3714:4521:5205:00

Regional dispatch ranking

RegionDischargedNet
#1QLD
4,659MWh
-1,804
#2NSW
4,611MWh
-1,856
#3VIC
2,725MWh
-2,444
#4SA
1,068MWh
-1,163

Generation Mix

TOP FUEL 41.5%
  • Coal41.5% · 77.7 GWh
  • Gas1.8% · 3.4 GWh
  • Hydro5.2% · 9.7 GWh
  • Wind10.7% · 20.1 GWh
  • Solar (utility)15.9% · 29.8 GWh
  • Solar (rooftop)22.4% · 41.9 GWh
  • Battery2.5% · 4.6 GWh
TOP FUEL 59.0%
  • Coal59.0% · 109.4 GWh
  • Gas2.9% · 5.4 GWh
  • Hydro2.6% · 4.9 GWh
  • Wind5.6% · 10.4 GWh
  • Solar (utility)11.8% · 21.9 GWh
  • Solar (rooftop)15.5% · 28.6 GWh
  • Battery2.5% · 4.7 GWh
TOP FUEL 44.9%
  • Coal44.9% · 73.6 GWh
  • Gas0.2% · 0.3 GWh
  • Hydro1.6% · 2.6 GWh
  • Wind33.5% · 54.8 GWh
  • Solar (utility)6.5% · 10.6 GWh
  • Solar (rooftop)11.7% · 19.1 GWh
  • Battery1.7% · 2.7 GWh
TOP FUEL 39.6%
  • Gas18.1% · 5.6 GWh
  • Wind36.5% · 11.3 GWh
  • Solar (utility)2.3% · 0.7 GWh
  • Solar (rooftop)39.6% · 12.2 GWh
  • Battery3.5% · 1.1 GWh
TOP FUEL 47.1%
  • Gas1.4% · 0.3 GWh
  • Hydro44.6% · 10.3 GWh
  • Wind47.1% · 10.9 GWh
  • Solar (rooftop)6.9% · 1.6 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:0711:4517:2223:0011.4 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:0711:4517:2223:009.8 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:0711:4517:2223:008.2 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:0711:4517:2223:001.8 GW 0
gashydrowindsolar rooftop
00:3006:0711:4517:2223:001.5 GW 0

Renewables

NSW · Daily renewable share
53.9%
VIC · Daily renewable share
61.1%
QLD · Daily renewable share
40.2%
SA · Daily renewable share
67.3%
TAS · Daily renewable share
83.5%
Peak instantaneous
74.1%
at 14:00
Daily NEM-wide share
50.9%
By region (daily share)
  • NSW
    53.9%
  • VIC
    61.1%
  • QLD
    40.2%
  • SA
    67.3%
  • TAS
    83.5%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +11.8 GWh 6 —
NSW1-QLD1 −20.2 GWh 12 —
VIC1-NSW1 +24.8 GWh 2 —
V-SA −6.7 GWh 1 —
T-V-MNSP1 −7.3 GWh 1 —

Per-region net of NETINTERCHANGE proxied to a representative interconnector. Full per-interconnector decomposition + hours-at-limit needs DINTERCONNECTOR parsing (follow-up).

Emissions

Total emissions
253.7k tCO₂
▼ 1.6% vs same day last week
Intensity by region
NSW 68.1k tCO₂ 0.363 tCO₂/MWh
QLD 97.2k tCO₂ 0.524 tCO₂/MWh
SA 2.5k tCO₂ 0.082 tCO₂/MWh
VIC 85.6k tCO₂ 0.529 tCO₂/MWh
TAS 196 tCO₂ 0.009 tCO₂/MWh